BioLight Announces Closing of Upsized US$6.6 Million Private Placement

BioLight announced today that it has completed an upsized private placement as part of the strategic partnership with Rock-One International Holdings Ltd for aggregate gross proceeds of US$6.6 million.

The strategic partnership along with the private placement was previously announced on April 2, 2015.  The offering resulted in the issuance of ordinary shares to Rock-One, which account for approximately 19% of BioLight’s issued and outstanding shares.

BioLight also announced that a new private investor participated in the private placement with the same terms in the amount of $350,000.

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